Across
- 1. considered identical
- 5. attempt to distinguish similar products
- 7. average cost of production falls as business grows
- 8. when one company buys or combines with another
- 9. discussion with a small group
- 12. businesses work together to set prices
- 14. accepts market price
- 16. ideal model of market economy
- 17. competing businesses negotiate to divide the market
- 18. one seller
- 20. owned by government
- 22. setting low prices so other businesses lose money
- 23. sharing the percent of market
- 25. removing government controls on a business
- 26. many sellers that are often similar
- 28. laws that define monopolies and give the government the power to control them
Down
- 2. lack conditions needed for perfect competition
- 3. act together to set prices illegally
- 4. only business to exist in an area
- 6. firm controls the manufacturing
- 10. few sellers offer similar products
- 11. competition using factors other than price
- 13. business sets its own prices
- 15. group of firms combine to reduce the competition
- 19. hinders business from entering market
- 21. costs of production are lowest when one firm provides outputs
- 24. government controlling businesses through rules and laws
- 27. legal registration